292YAOrders to declare unpaid royalties and other amounts

292YA Orders to declare unpaid royalties and other amounts

292YA Orders to declare unpaid royalties and other amounts

(1) The Minister may, by order, declare a person has not paid a royalty liability payable to the Crown.

(2) The Secretary may, by order, declare a person has not paid a security deposit liability payable to the Crown.

(3) An order under this section may specify one or more mining leases held by the person, whether jointly or not, for which a charge is to be created on by operation of section 292YB to secure payment to the Crown of the liability specified in the order.

(4) The Minister or Secretary must take reasonable steps to notify the person to whom the order relates of the order.

(5) In this section—

royalty liability means the amount of one or more of the following—

(a) royalties payable under this Act,

(b) interest, penalty tax and other penalties and costs payable under the Taxation Administration Act 1996 in relation to the royalties payable.

security deposit liability means the amount of a security deposit payable under a security deposit condition for a mining lease.

s 292YA: Ins 2025 No 37, Sch 3[16].